Jim Dobbs

3 weeks ago | americanbanker.com | Jim Dobbs

Equity Bancshares in Wichita, Kansas, has struck its third deal to buy a bank in two years and is signaling that more acquisitions may lie ahead. The $5.3 billion Equity said it would pay $86.9 million to buy NBC Corp. of Oklahoma. The cash-and-stock deal would expand Equity's footprint into Oklahoma City, where the target is based. NBC has seven branches across the greater metropolitan area and neighboring markets in Oklahoma. The deal is expected to close in the third quarter.

3 weeks ago | today.westlaw.com | Jim Dobbs

Hope Bancorp closed its acquisition of Territorial Bancorp in Honolulu on Wednesday, culminating a lengthy and at times controversial deal process. When the Los Angeles-based Hope announced the all-stock deal in April 2024, it had expected to close it...

3 weeks ago | americanbanker.com | Jim Dobbs

The fintech-focused Grasshopper Bank has finalized its acquisition of Dearborn, Michigan-based Auto Club Trust, a deal that gives it a strong source of deposits. New York-based Grasshopper said Tuesday that the cash-and-stock deal boosts its assets by more than $400 million, bringing the company's total to $1.4 billion. Auto Club Trust had been a federally chartered savings bank and a subsidiary of The Auto Club Group, the second largest AAA Club in North America.

3 weeks ago | today.westlaw.com | Jim Dobbs

The fintech-focused Grasshopper Bank has finalized its acquisition of Dearborn, Michigan-based Auto Club Trust, a deal that gives it a strong source of deposits. New York-based Grasshopper said Tuesday that the cash-and-stock deal boosts its assets by...

3 weeks ago | americanbanker.com | Jim Dobbs

Forte Bank in Wisconsin, Touchmark Bancshares in Georgia,Lakeside Bank in Texas, Lincoln State Bank in North Dakota and Rhinebeck Bancorp in New York all made leadership changes in recent weeks. The Maryland Bankers Association also hired a new chief executive. In this C-suite roundup, American Banker provides an overview of the latest moves. Forte Bank in Hartford, Wisconsin, will soon have a new leader.